UGI (NYSE:UGI) Reaches New 52-Week High - Should You Buy?

UGI Corporation (NYSE:UGI - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $36.74 and last traded at $36.58, with a volume of 177830 shares changing hands. The stock had previously closed at $36.40.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho lifted their price target on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of UGI from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th.

UGI Stock Up 0.2%

The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06. The business has a 50-day moving average price of $35.00 and a 200-day moving average price of $32.37.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.41. UGI had a return on equity of 16.21% and a net margin of 7.28%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company earned $1.97 EPS. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.15%. UGI's dividend payout ratio is 61.73%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in shares of UGI during the first quarter worth approximately $1,924,000. Jacobi Capital Management LLC boosted its stake in shares of UGI by 5.0% during the 1st quarter. Jacobi Capital Management LLC now owns 47,578 shares of the utilities provider's stock valued at $1,573,000 after buying an additional 2,251 shares during the period. WBI Investments LLC boosted its stake in shares of UGI by 80.8% during the 1st quarter. WBI Investments LLC now owns 80,887 shares of the utilities provider's stock valued at $2,675,000 after buying an additional 36,140 shares during the period. Belpointe Asset Management LLC grew its holdings in shares of UGI by 3.8% during the 1st quarter. Belpointe Asset Management LLC now owns 9,758 shares of the utilities provider's stock valued at $323,000 after acquiring an additional 359 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in shares of UGI by 92.6% in the first quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider's stock worth $747,000 after acquiring an additional 10,861 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Company Profile

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.